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20130201
20130228
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. >> and the most romantic hotel in the world, the anastasi apartments in greece. >> in a that looks u.s. >> and in the u.s., the bardesbond in, the rooms start at 600 and go up to $1,200. >> they bottle that, it's called wine. thanks so much. happy valentine's day, everybody. no matter what you do, enjoy it. thanks for watching "street signs." >>> hi, everybody. we enter the final stretch. welcome to the "closing bell." i'm maria bartiromo at new york stock exchange. this market fighting for a close in positive territory, brill. >> the dow is fighting. got the s&p and nasdaq positive, but we're kicking off the final hour watching other stories as well right now, including a huge day for mergers. warren buffett buys heinz. american/usairways form the biggest airline in the world, but so far the stock market seems unimpressed. what message is that saying about where our economy is right now? we'll look at that coming up. >> a lot of implications to see this deal flow pick up steam early in the year. more signs though that the individual investor is dipping his or her toes back into the st
in the market for a while. people know about it, and the reality is that in the u.s. specifically we see economic activity improving in the future and improving more than expectations and a big driver of that is the housing market. housing drives consumption and housing prices are going from linear to parabolic which gives the consumer more power to purchase. >> rick santelli, jump in here for a minute because we're trying to figure out if in fact we are seeing this trade out of fixed income, into stocks, not necessarily happening today, but do you have any read in terms of if this is an actual trend happening? >> well, i think when i look at treasuries, i see we're only up 19 basis points on the year in 10s. i don't think it's an issue. i don't see this impending huge selloff in treasuries. listen to the dovishness in europe with regard to a variety of issues, not the least of which is they are worried about a high euro and growth in some of the southern countries. >> yeah. what did you -- >> i do see it playing out in high yield and corporates. quickly if you look at barclays, one-mont
, and it's kind of interesting. this is a gauge of consumer spending. u.s. sales weakness persisted into early february. remember, we had that e-mail leak. kind of expecting this. walmart is up today. >> today's thing that makes you go hmm. not really sure what atlantic university is thinking. renaming the football stadium to geo group stadium. okay. except geo group is a priflt prison corporation based in south florida. the company will donate 6 million to fau over the next six years, the ceo is an alum and a member of the board of trustees, a good gesture, i get it. the optics, you have to admit, not adele even looking through. attention all red sox fans. curt schilling's bloody sock is up for sale. here's brian schactman. >> reporter: i touched it yesterday. as a sox fan i touched the sock. >> did you wash your hands is this. >> do it like southie does. >> you criticize mine. >> sock. >> reporter: even though it's kind of odd, a long song with dried blood back. those not in the know, want me to keep going like this, sul? 2004. curt schilling pitched a six-inning world series gem
're long-term investors. we oversee one of the largest corporate pension plans in the u.s. as well as the mutual fund complex. that's all summarized with $12 billion in assets. i can tell you that they're the most optimistic we've seen them. >> whether or not they count longer tell. when you see the s&p hold the 1,500 mark. that attracts investors for a longer term. >> it does. but that's not where we're really seeing the excitement from the professional investors. we're seeing that in the fundamentals of the market. they believe that you're well compensated for taking equity risk at this point in time. the earning yielding with the dividend yield, the payout yield on the s&p 500 is at or near 25-year highs. and if it were my money and it is, at least some of it, i'm betting on equities. >> all right. rick santelli, tell us about your view of the market action today. especially as we watch these italian elections which we will get to. michelle caruso-cabrera will join us with the latest there. but a strong dollar and the 10-year yield down sharply in terms of getting out of its tra
a shock in the u.s. certainly. was that warranted, do you think? >> i think there was some overreaction of the market. first of all, this result is not totally unexpected. secondly, i don't think it changes that much the picture. probably not that good for italy, but anyway in europe 2013 it will be a transition year, you know. there is also an election in germany, difficult to expect any strong political movement before 2014 so i don't think it changed very much the picture actually. >> one of your analysts was telling clients to sell italian bonds and buy spanish ones. is this something that the banks would buy as well? >> we don't think we have to trade on sovereign debt. you've seen effectively an increase in a decrease in the price of the italian bond. there was one of reaction. again, it's for our client to decide. >> yes, of course. let's talk a bit about the banking sector because there's a real conversation going on right now in terms of should the major banks be split up? you've got regulators across the world having different opinions on this. where do you come out is this do
. is the consumer in the same field of flowers and unicorns and daisies that the u.s. equity investor is in? i think that's probably what we're going to see. >> already we're not seeing a lot of alternatives for folks' money other than stocks because of the low rate environment. andrew, how are you investing right now? >> well, we're probably going to go ahead and move in this market. looks like the pullback is more likely 1650 back to these levels. so more than likely now is probably the time to ease into the market. you've got tremendous momentum and breath here. you're fighting the tape, as they say. this is probably the time to deploy. >> meanwhile, rick santelli, the race to the bottom of the currency markets was interrupted today. horror of horrors. japanese officials saying they don't want the currency to go much lower. and the euro moving higher as well today. >> once you put that machine in motion, i don't know if you can stop it. and bill, i find it so telling you have so much more outrage about a maker's mark liquidity injection than the fed's liquidity injections. >> what's your point? >
, that for the u.s., probably the biggest opportunity for actual moving the needle in terms of energy is shale. >> but, maria -- >> that's true. >> dramatic globalismcations in terms of the u.s. current account deficit. if you think about the money we ship now to opec and some of that possibly not being shipped there. >> we're trying to figure out. from the two investors on the panel, nathan and ed. >> yeah. >> how do you buy into the shale story if in fact it is one of the single most important things in terms of job creation and growth? >> maria, i'm right down here, maria, in the dallas area where we have the shale. i have personal investments in the barnett shale, we have clients with investments there and one of the great ways to do it is buy an exchange-traded fund that will appreciate as national gas prices do. >> final word here, nathan. >> we'll be pushing so much shale out of ohio that we'll become the next dallas, thank you very much. >> i hope so because you need something good to happen up there. >> i always heard cincinnati was the center of the world, is that right? >> we are. >
over. you have japan data in recession. you have europe in recession, first negative quarter for the u.s., so we don't see the fundamentals supportive of continued market trend, and this might be a little overdone right now, i mean, the market. >> that's the issue, isn't it, lee munson, because you have a market that has been rallying since 2012, and new money coming into this market and earnings have just been okay. revenue has certainly been nothing to write home about. now this on walmart indicating we're looking at a slower period. is the market too high for actual fundamentals? >> i don't think it is because we're still looking at potentially 8% to 10% earnings growth on the s&p for this year of 2013. but i'll tell you, maria, the walmart news is not good. the big thing is we've had spending stay up while people are getting a tax hike so what's happening is generally what american consumers do is they adjust their savings, and why not? last month the s&p was up 5%. so i think, if anything, the fundamentals are still there. people are making money in the market, in their 401(k)s if t
strategy here to protect u.s. company trade secrets. an event going on at the white house beginning at this very minute with eric holder, the attorney general, and also an executive from ge and a range of other officials. let me walk you through some of the details of what is in this proposal from the white house. they are talking about bringing really all of the pieces of the u.s. government to the floor to protect the trade secrets of u.s. companies including diplomatic pressure. they say they are going to talking to governments overseas that are involved in potentially stealing some of those trade secrets. they will talk with industry about promoting best practices, learning from each other's mistakes and how to keep the secrets actually secrets. will speak with domestic law enforcement, and will encourage intelligence agencies to talk to the business community about what they know, what's coming and what the business communities might be facing down the line. they will continue to push here at the white house for new domestic legislation from congress on trade secrets. now, all
of u.s. equities over the long term? >> that's a great question, maria, because the pain trade has been the last couple of years and right now still is, according to rick santelli is up. and when you look at the numbers in housing, that is such a key factor for underpinning people's confidence. this is one of the least participated bull market, a four-year bull market, so little participation by people. right now we have an exhausting of sellers, and i think when you are look at billionaires like michael dell and warren buffett out there buying companies at a premium to the current market price and selling junk bonds to fund them you get a good idea of where the values are. >> how do you want to invest them? >> i think that the things that have brought us to this dance will continue for a while. i think tech, as you just pointed out, a second ago is leading this market. financial continue to lead this market. i think the market will also be helped by retail participation sometime in the future, but we're not there, and i think when they come in, they would look at those two groups. >> j
santelli, how much of today's rally in u.s. equities is because of a rally in the euro, a strong european rally after strong data this morning? >> when i came in lately, if the nikkei is down, this means european bur european bourses are up. i see the improvement. right around 135.80 and many thought we'd slip under 135. the euro correction, i can't tell whether it's over, but many traders don't think we'll see 137.5 in a while. treasuries once again, slightly above 2%, been there, done that, but it's still important because we haven't seen a huge rally pushing yields down for 2013. nothing big with big depth. and lumber, lumber today, as you see an intraday chart, was up, i think it's 2.4% which ends up being $10, maximum allowed. here's what's fascinating. open that chart up year-to-date, haven't taken out some recent highs, but if you pull back to a chart going to '05, could you clearly see we're getting to a zone we haven't seen since april of '05, and it's a testament that we have moved past the inflexion point. we're not robbing gdp in housing and slowly adding to it. the big questi
in general, not just in the u.s. but other markets are netflix is present, but also it's another buyer, so for things like television series that we have on existing cable networks and broadcast networks that we didn't have a buyer for in the past or maybe we had only a select number of prior, netflix provides another platform for us. >> also the music business and it looks like sony's music label, the business is bottoming. can you turn the business around and how? >> i think the music business in general has a very bright future. doug morris and the group he leads over there have done a fantastic job an i think between all the sharious new services coming on board they are taking maximum advantage of them and it's showing good result. >> maria bartiromo here in the studio. let me ask you to talk to us a bit about the business right now. what's driving your business. a lot of noise in terms of technology and the race to the top in terms of so many new devices. how could you say your business is being driven right now on the content side. >> i think the primary way that it's being driven o
's big merger news that included american airlines, u.s. airways and h.j. heinz. the wheels continue to turn. >> really do. we'll talk about deals. one of the big deal-makers on the show today. don't look now, but $5 gas is becoming a reality in one part of the country. we'll talk about whether spiking gasoline prices to be the big threat to the economy right now. >> i knew i should have filled up yesterday. this is going to keep going up. a pair of big earnings coming your way at the top of the hour. dell and herbalife both set to report. we'll have instant analysis of all those numbers right here on the "closing bell." >> before all that, let's check the markets here as we approach this final hour for the day. the dow jones industrial average up 45 points. just shy of the high of the day. about a third of the% higher at 13,426. nasdaq also strong and technology one of the winners. certainly the nasdaq up a half a percent and the s&p 500 looks like this. take a look. similar chart pattern, just shy of the high of the gain with a gain on the standard & poor's of nine points. >> the s
-engage the retail investor. >> don't mistake this for growth. the u.s. economy is in a lot of trouble and the rising stock market doesn't reflect improving fundamentals, reflects inflation and a debased currenty. >> never been on the end of the world because it only happens once. you hear that repeatedly. >> why do you keep saying the end of the world? >> who is talking the end of the world? >> rick santelli, can you get in here? i mean, peter schiff and you -- >> i think everybody is a little bit right. everybody is a little bit right. all the major central banks and the old developed economies, even some of the just recently developed economies, well, they have central banks that have put a boundary around rational investors. as much many like gold, they want diversionification, where are you going to go? the treasuries are safe if you're really rich, looking to accumulate wealth and peter is right, but it's still a mug's game no matter how you slice it. i agree with the guest who said the economy is sideways on fundamentals so all roads lead to stocks so whether you can come up a quantitative arg
of the u.s. government back in the summer of 2011. is it political payback? they're at least asking the question. s&p has gotten ahead of the u.s. government by putting out its own press release saying it would be without factual or legal merit for the doj to sue. as we previously also reported, there were at least -- there was a desire on the part of the doj to get at least a billion dollar settlement and admission of guilt from s&p to drop the charges. s&p said no thank you. it would be a long time until we go to court, but this is an interesting potential case and certainly an important news story that is having significant pressure on both mcgraw-hill stock price and interestingly on that of moody's despite according to our sources there does not seem to be a case mounted against moody's president . at least at this point. >> selling off just in case though. >> absolutely. we're looking at the stock markets reaction. stay right there. we want to get reaction from brian belski and bob pisani. what about this? when you see a move like this in these stocks while we're waiting. what
through here in the u.s., did we? >> the extent or velocity of the stock market, but it definitely works to some extent and especially when you look at what europe has been doing. if you look at our interest rates, bill, they are just not convinced that everything is rosy. i just saw citibank research paper that talked about, you know, they are nervous about europe because it's more of a positive contagion fueled by, well, i can go on and on, but you could have substituted the u.s. for europe in any one of those instances, and the hacking is a big topic on the floor today. many people think, you know, just like everything the fed does, it was probably easier to get into that website than find an exit to get out. >> hotel california, as it were. >> yeah. >> steven wood, you've been following the international markets quite a bit. now, we all know that all the central banks around the world have the race to the bottom going on right now. does that make it easier to pick equities, for example, in japan where they are trying to devalue the yen at the same time? >> well, i mean, what's happen
potentially? >> i'll take the latter part of that first. makes the fed's job easier because the u.s. starts looking like a sea of calm. we were talking about this. if you were a european and would you look at the situation as if illinois was really starting to go and bang bang up and the federal government had to bail them out. that's sort of what the european investors look like, but i think it reaffirms risk on and risk off and does make the jed's job easier and safe haven, buy u.s. treasuries and don't even have to buy as much. >> go ahead. >> would you have been a buyer given what happened yesterday late in the day. >> yeah, yeah, probably would. >> you have knee jerk reactions on the news and the market got caught off action and that's the way the media portrayed the initial, you know, sentiment and what really came. there was a big disconnect there. >> what do you do in the market, if italy is with us for a long time. the fed chief did say if europe doesn't get itself in order that it will impact our economy overall. do you put that to the side and focus more on the fundamentals of th
. >> we think the u.s. economy is showing signs and we continue to invest in the equity markets. >> thank you for your time today, sir. >> really appreciate that. there is a debate though about whether or not splitting up the chairman and ceo role is appropriate, and there's a fair amount of people out there who say when you have one person in charge, it actually works because they are in charge of all, you know, aspects of the company and that's why the company does so well, but i can understand the other side, too. >> it works until it doesn't work. >> yeah. >> and then it's time to split it up. >> a company that blows away all expectations on disney and you question why. >> exactly. >> 40 minutes before the closing bell sounds on wall street. a market that's up 92 points on the dow. >> a 90% chance of failure, what one wall street firm is predicting for the newly launched blackberry 10, and find out if it's time to hang up on this stock after it's had a huge run-up over the past few months. >> what happens in vegas stays in vegas but that doesn't apply to rome. what happens there may h
to invest and money has to go somewhere. that was my push back to you. if not the u.s. stock market, then where? what are the alternatives if in fact this -- this materializes. what's the alternative? >> well, my outlook, maria, is that there's going to be a deflationary scenarios and if it's deflationary there's very few places to put your money. for the first time in a very, very long time, to everyone's surprise, cash may well be king. >> buy japan, maria. it's up 24% off its novello. we just put out a target 1,200, it's 940, 26% above this level. you think you can buy some japan. buy some defensive. there were stocks that went up even during the depression so you want to own your health care and your food and own your beverage and global gorillas that have exposure to the underlying global growth. that's where i think you can hide. master limited partnerships. you'll get yield. buy bce, bell canada enterprise is, the thing yields 5.2%, versus flat a year ago. >> thank you, guys. >> peter, i'll see you next time, and the next time you leave california, don't come when there's a b
Search Results 0 to 18 of about 19